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NZD/JPY ST: rebound towards 89.45

2023-09-12
1164

Our pivot point stands at 85.46.

Our preference: rebound towards 89.45.

Alternative scenario: the downside breakout of 85.46 would call for 84.03 and 83.18.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (86.69) but under its 50 period moving average (87.11).

Supports and resistances:

91.16 **

90.30 *

89.45 **

88.60

86.78 last

86.02

85.46 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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